First Hawaiian, Inc. (FHB) To Go Ex-Dividend on February 13th

First Hawaiian, Inc. (NASDAQ:FHB) declared a quarterly dividend on Wednesday, January 28th. Investors of record on Friday, February 13th will be given a dividend of 0.26 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, February 13th.

First Hawaiian has a dividend payout ratio of 49.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Hawaiian to earn $2.15 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 48.4%.

First Hawaiian Trading Down 3.7%

Shares of NASDAQ FHB traded down $1.02 during mid-day trading on Friday, reaching $26.55. The company had a trading volume of 2,527,508 shares, compared to its average volume of 1,582,319. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.90 and a beta of 0.73. First Hawaiian has a 52 week low of $20.32 and a 52 week high of $28.35. The business’s 50-day moving average is $26.11 and its 200-day moving average is $25.26.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Friday, January 30th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $199.68 million during the quarter, compared to analysts’ expectations of $225.33 million. First Hawaiian had a net margin of 22.60% and a return on equity of 9.68%. During the same period in the previous year, the company earned $0.41 EPS. As a group, equities research analysts forecast that First Hawaiian will post 1.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on FHB. Barclays raised shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $26.00 to $28.00 in a research note on Tuesday, November 11th. Keefe, Bruyette & Woods increased their price objective on shares of First Hawaiian from $28.00 to $29.00 and gave the company a “market perform” rating in a research note on Tuesday, October 28th. Zacks Research downgraded shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 25th. TD Cowen cut their price target on First Hawaiian from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. lifted their target price on First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Tuesday, December 16th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $27.64.

About First Hawaiian

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.